I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!


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Friday 22 February 2019

Warren Buffett's Berkshire Hathaway loses more than $3 billion in single day on Kraft Heinz plunge


Read?Warren Buffett's Berkshire Hathaway loses more than $3 billion in single day on Kraft Heinz plunge


Warren Buffett's Berkshire Hathaway is set to lose more than $3 billion in a single day after Kraft Heinz revealed a string of disappointing news.

Stock of the packaged food giant, whose products include Heinz Tomato Ketchup and Kraft Macaroni & Cheese, plunged more than 24 percent before the bell.

And for Berkshire — which owned more than 325 million shares at the end of 2018 — the losses will be steep.

"They're still very, very good businesses," Buffett said of his consumer staple holdings Kraft Heinz and Coca-Cola as recently as May 2018.


7 comments:

  1. Barclays just slashed Berkshire Hathaway's Q4 earnings by -50% as a result of Kraft Heinz & California wild fires.

    Large drop in Apple price also expected to hit Berkshire value.

    Buffett is expected to release his annual shareholder letter as well as FY2018 results on Saturday.

    ReplyDelete
  2. Put spare money in Bank Of CPF and starts withdrawing after 55 when necessary

    ReplyDelete
  3. There are many banks and finance to put N x $50K

    ReplyDelete

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